A chit fund is a type of rotating savings and credit association where a group of people come together to save money and allow members to borrow from the collected funds. Each member contributes a fixed amount monthly, and one member gets the collected amount each month through an auction process.

Our chit fund operates under strict regulatory guidelines and is registered with appropriate government authorities. We maintain transparent operations and have robust security measures in place to protect your investments. Additionally, we have a track record of over 15 years of trusted service.

We understand that financial difficulties can arise. If you miss a payment, a late fee will be applied. Continued non-payment may affect your eligibility to participate in auctions. We encourage members to communicate with us proactively if they anticipate payment issues, as we may be able to offer solutions.

Auctions are held monthly where members can bid to withdraw the chit amount. The member who offers the highest discount (agrees to take the least amount) wins the auction. This creates an opportunity for members who need funds urgently and also benefits other members through the distribution of the discount amount.

Yes, you can join multiple chit schemes based on your financial capacity. This allows you to diversify your savings and create multiple opportunities to access funds at different times. However, we recommend careful financial planning to ensure you can meet all monthly commitments.